Bitcoin, Technical Analysis – H4

Yesterday, Bitcoin experienced two distinct volatility spikes: a negative wave triggered by Strategy’s report on massive corporate Bitcoin sales, followed by a positive wave fueled by rumors of potential BTC inclusion in “Trump accounts.” Despite the sharp price reactions, the overall structure retained its bearish character, indicating the likely formation of a new sell-off wave that could precede final market capitulation.

Key Levels:

□ $66,000 (key resistance for recovery)

□ $64,000 (immediate support)

□ $62,000–$61,000 (next downside targets)

Primary Scenario:

Pullback to $64,000, followed by a decline toward $62,000, with a possible extension to $61,000.

Alternative Scenario:

Continued consolidation within the $63,000–$64,000 range.

Analyst Commentary:

Bitcoin remains under pressure and has yet to show signs of a healthy recovery. A convincing consolidation above $66,000 is required to shift the current bearish bias.